• Gold prices held steady in a narrow range on Thursday as Asian shares eased, while the dollar firmed after minutes of the Federal Reserve’s September meeting reinforced expectations of a tighter U.S. monetary policy. • Fed policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting showed, boosting expectations the committee will stick to its hawkish stance on raising interest rates. • Spot gold was up 0.1 percent at $1...

• Gold held steady near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets. • Spot gold was unchanged at $1,226.29 per ounce by 1:52 p.m. EDT (1752 GMT), having peaked at $1,233.26 in the previous session, its highest since July 26. • U.S. gold futures settled up $0.7, or 0.1 percent, at $1,231 an ounce. • “Most of the move in gold is behind us. The Saudi situation seems to be on the mend and stock...

Wall Street and Main Street both look for gold’s newfound upward momentum to continue next week, based on the Kitco News gold survey. Equities sold off sharply Wednesday and Thursday. Even though the stock market was up Friday morning, the prior weakness left gold higher for the week as investors turned to the metal as a safe haven. The dollar index also eased this week, further fueling gold’s ascent. Fourteen market professionals took part in the Wall Street survey. Eleven respondents, or ...

  • Gold prices edged lower early Wednesday as equities gained and the dollar firmed amid waning risk-averse sentiment, with the market awaiting minutes from the U.S. Federal Reserve’s latest policy meeting for fresh clues on the pace of interest rate hikes. Spot gold was down 0.2 percent to $1,221.56 per ounce at 0438 GMT, but still near a 2-1/2-month high of $1,233.26 per ounce hit on Monday. U.S. gold futures were down 0.5 percent at $1,225.2 an ounce. • “The newly minted gold...

• Gold rose to its highest level in 2-1/2 months on Monday as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal. • Spot gold gained 0.7 percent to $1,226.50 per ounce by 2:22 p.m. EDT (1822 GMT), having earlier climbed more than 1 percent to touch a peak of$1,233.26, the highest since July 26. • U.S. gold futures settled up $8.3, or 0.68 percent, at $1,230.3. • “People...

  • Gold prices held steady on Tuesday near last session’s 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncertainty. Spot gold was little changed at $1,226.71 an ounce at 0707 GMT. It touched $1,233.26 on Monday, its highest since July 26, as global stocks slid on rising tensions between Western powers and Saudi Arabia and concerns over the pace of global economic growth. Asian stocks rose modestly on Tuesday, gaining...

• Gold prices on Thursday jumped over 2 percent to more than a two-month high as tumbling global stock markets sent investors rushing to the safe-haven asset. Spot gold rose 2.6 percent to $1,225.26 as of 2:11 p.m. EDT (1811 GMT), after hitting its highest since July 31 at $1,226.27. It was also the metal’s best one-day percentage gain since June 2016. U.S. gold futures settled up $34.20, or 2.87 percent, at $1,227.60. • Bullion broke above a narrow trading range it has been stuck in for...

  • Gold prices slipped on Friday but hovered near 10-week high after gaining 3% in the previous session, its biggest one-day gain in more than two years. December Gold Futures slipped 0.3% and traded at $1,224.30 on the COMEX division of the New York Mercantile Exchange by 1:48 AM ET (05:48 GMT). • Gold prices recorded its largest daily percentage gain on Thursday since June 2016 as global stock markets extended losses. Fears over rising bond yields also drove traders toward safe-haven assets...

• Gold prices edged higher on Wednesday as some investors sought refuge in the precious metal after the global stocks tumbled and the U.S. dollar weakened. • Spot gold rose 0.4 percent to $1,194.12 per ounce by 4:52 p.m. EDT (2052 GMT). U.S. gold futures settled up $1.9, or 0.16 percent, at $1,193.4. • Stocks on major world markets fell to a three-month low, with the benchmark S&P500 stock index falling more than 3 percent, in its biggest one-day fall since February. The U.S. dollar index retreated...

  • Gold prices rose as capital rushed to the safety of Treasury bonds, sinking yields boosting the relative appeal of non-interest-bearing alternatives. An indecisive US Dollar helped open the door for the yellow metal to gain ground. The spotlight now turns to September’s US CPI data. Absent an improbably dismal disappointment, the release will leave the recent steepening in 2019 Fed rate hike bets intact. Indeed, leading PMI surveys hint at upside surprise risk, meaning a further hawkish...

• Gold was steady on Tuesday as pressure from the dollar’s strength and a bullish U.S. rate outlook was balanced by falling stock markets. • Spot gold was unchanged at $1,188.20 per ounce as of 1422 p.m. EDT (1822 GMT), after earlier touching its lowest since Sept. 28 at $1,183.04. • Prices fell 1.2 percent the previous session, marking bullion’s biggest one-day percentage decline since mid-August. • U.S. gold futures settled up $2.9, or 0.24 percent, at $1,191.5 an ounce. • “The...

  ·           Gold prices held steady on Wednesday as expectations of more U.S. interest rate increases pressured demand, although the metal drew some support from the dollar coming off a seven-week high. Spot gold was little changed at  $1,189.05  an ounce at  0513  GMT, moving largely within a slim  $3  range during the session. U.S. gold futures rose  0.1  percent to  $1,193.20  an ounce. ·           “Some people seem to be expecting a decent snap back in prices but the combination...

• Gold fell to its lowest level in a week on Monday as investors sought safety in the U.S. dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China. • Spot gold dipped 1.4 percent to $1,185.81 an ounce by 1355 p.m. EDT (1755 GMT), on track for its biggest one-day percentage loss since Aug. 15. The yellow metal earlier touched its lowest since Sept. 28 at $1,183.19. • U.S. gold futures for December settled down $17, or 1.41 percent, at $1,188.6. •...

  ·         Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to  17- month lows amid concerns over a potential slowdown in China’s economic growth. Spot gold was up  0.2  percent at  $1,189.58  an ounce at  0715  GMT. On Monday, it fell  1.2  percent, its biggest one-day percentage fall since Aug.  15 , and also touched a more than one-week low of  $1,183.19. U.S. gold futures rose  0.4  percent to  $1,193.0  an ounce. ·         “Gold is getting...

·           Gold prices held steady on Friday as investors remained cautious after U.S. Treasury yields hit multi-year peaks and on expectations that strong jobs data later in the day could boost the Federal Reserve’s case for a tighter monetary policy. ·           Gold edged higher on Friday, on track for its biggest weekly gain in six, as the dollar softened after data showed U.S. job growth slowed more than expected last month and a slide in stock markets burnished the appeal of bullion...

Gold swung nearly $25 in the week testing its support and resistance as it continued to trade in the defined range of $1185-$1215 before closing with gains of $12 for the week. Gold -0.54% closed above $1200 after a month even on account of a higher dollar index 0.04% which suggests there might be more gains to come once the range gets broken on the upside. Another bullish week went by giving fresh lead to the bulls. Gold -0.54% remained in its range but gave a positive signal by closing above the...

Wall Street and Main Street alike look for gold prices to rise over the next week, according to the weekly Kitco News gold survey. Sixteen market professionals took part in the Wall Street survey. Nine respondents, or 56%, predicted higher prices by next Friday. There were two votes, or 13%, calling for lower prices, while five respondents, or 31%, were neutral or looked for a sideways market. Meanwhile, 593 people responded to an online Main Street poll. A total of 302 respondents, or 51%, called...

  ·         Gold fell on Monday as the dollar firmed after China’s central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. The People’s Bank of China (PBOC) on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth. Spot gold was down  0.5  percent at  $1,196.61  an ounce at  0441  GMT. U.S. gold futures...

·           Gold steadied on Thursday as positive U.S. economic data and prospects of tighter monetary policy offset limited gains from safe haven buying. ·           Spot gold was up 0.1 percent at $1,197.87 an ounce by 2:14 p.m. EDT (1814 GMT). U.S. gold futures settled down $1.30, or 0.11 percent, at $1,201.60. ·           Earlier in the session, prices broke above the key  $1,200  level as a slide in stock markets on the back of rising U.S. Treasury yields prompted some investors to seek...

Gold prices traded in a narrow range in September. The tug of war went on between the bulls and bears with no winners coming on top. The interest rate hike by the US Federal Reserve was largely discounted and we saw very limited price movement post FOMC meet. Historically we have seen gold going up after a rate hike, but those were relief rally where in anticipation of rate hike, gold prices were hammered. This time, prices remained rangebound and so the muted price action after the Fed meet is not...